Lookonchain APP

App Store

The SEC Delays Decision on XRP and Dogecoin ETF

2025.05.21 09:08:21

On May 21st, the U.S. Securities and Exchange Commission (SEC) announced on May 20th that it would postpone the decision deadlines for the XRP Trust Funds submitted by 21Shares and Grayscale, as well as the Grayscale Dogecoin Trust Fund ETF proposal. In the filing, the SEC stated that this action is based on the legal and policy issues involved in these proposals, emphasizing that this does not mean that the Commission has reached a conclusion on the relevant issues. At the same time, the SEC also postponed the decision on the Bitwise Ethereum ETF allowing staking proposal. Bloomberg Intelligence ETF analyst James Seyffart pointed out that regardless of who leads the SEC, institutions typically take full advantage of the entire approval time, with approval expected as early as late June or early July, but more likely to occur in early the fourth quarter.
Relevant content

Brad Lightcap, head of special projects at OpenAI, is set to depart.

According to a report from The Information, Brad Lightcap, head of special projects and former chief operating officer (COO) of OpenAI, is set to leave the company. Over the past year, Lightcap’s internal responsibilities at OpenAI have undergone multiple adjustments, with his latest role being leading "special projects". A long-time core member of OpenAI’s management team, Lightcap shifted from his COO position to lead special projects in early 2026 during an executive reshuffle, overseeing cross-company matters including complex transactions and strategic investments, and reporting directly to CEO Sam Altman. His departure comes as OpenAI continues to expand its commercialization efforts, advance enterprise business and strategic partnerships. The company has previously implemented multiple rounds of organizational restructuring, including transferring some COO responsibilities to other executives. Brad Lightcap joined OpenAI in 2018, and prior to that held roles at Y Combinator and JPMorgan Chase. He was one of the key operations and business leaders during OpenAI’s transition from a research institute to a commercial AI company.

5 minutes ago

Fed's Goolsbee: The biggest problem facing the economy is inflation

Federal Reserve's Goolsbee said that as long as consumption remains robust, the economy will stay healthy. The biggest problem facing the economy is inflation. (Jinshi)

5 minutes ago

Market News: ZoomInfo Data Now Integrated into Microsoft Copilot Studio

According to market reports, ZoomInfo data has now been integrated into Microsoft Copilot Studio, and is available for use in Microsoft 365 Copilot, Dynamics 365, Excel, and Word.

5 minutes ago

OpenAI Special Projects Lead Brad Lightcap to Step Down

According to a report from The Information, Brad Lightcap, OpenAI’s head of special projects and former chief operating officer, is set to leave the company.

5 minutes ago

US Energy Information Administration: The ongoing disruption to Middle East crude oil production, estimated at around 600,000 barrels per day, is expected to persist until the end of 2027.

The U.S. Energy Information Administration (EIA) forecasts that the ongoing disruption to Middle East crude oil production, at roughly 600,000 barrels per day, will persist until the end of 2027.

5 minutes ago

SpaceX's decline widened to 5%, hitting a new daily low.

According to market data from BIT (bit.com), SpaceX’s price drop has widened to 5%, currently trading at $131.97, hitting a new daily low.

5 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano